Savannah Energy (LON:SAVE) Sets New 1-Year Low – Here’s Why

Savannah Energy PLC (LON:SAVE)’s stock price hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as GBX 7.25 ($0.09) and last traded at GBX 7.50 ($0.10), with a volume of 3036385 shares trading hands. The stock had previously closed at GBX 7.85 ($0.10).

Analyst Upgrades and Downgrades

Separately, Shore Capital reiterated an “under review” rating on shares of Savannah Energy in a report on Wednesday, December 4th.

Savannah Energy Stock Down 2.5 %

The company has a debt-to-equity ratio of 228.16, a current ratio of 0.76 and a quick ratio of 0.57. The company has a market capitalization of £10.04 billion, a PE ratio of -4.96 and a beta of 0.86. The business’s 50 day simple moving average is GBX 20.60 and its 200 day simple moving average is GBX 22.91.

About Savannah Energy

Savannah Energy PLC is a British independent energy company focused around the delivery of Projects that Matter in Africa. We are active in both hydrocarbon and renewable energy projects.

In Nigeria, Savannah has a significant controlling interest in a large-scale integrated gas production and distribution business which is capable of supplying gas to enable approximately 20% of Nigeria’s thermal power generation capacity.